Business

UK exporters would face £5.6 bln Brexit customs bill: WTO 07 Jun 2016 - 03:16 pm

London: British exporters would face an extra £5.6 billion ($8.2 billion, 7.2 billion euros) of annual customs duties if the country votes to...

Saudi cabinet approves economic diversification plan 07 Jun 2016 - 01:04 pm

Jeddah, Saudi Arabia: The Saudi cabinet has approved a major plan to diversify the national economy away from oil and to generate 450,000...

India bank's Rajan jokes over future as rates held 07 Jun 2016 - 10:28 am

Reserve Bank of India (RBI) Governor Raghuram Rajan is seen in a TV camera's viewfinder as he attends a news conference after the...

India's central bank holds interest rates 07 Jun 2016 - 09:31 am

RBI Governor Raghuram Rajan attends a news conference after their bimonthly monetary policy review in Mumbai, India. REUTERS/Danish Siddiqui Mumbai: India's central bank...

US firms 'increasingly unwelcome' in China 07 Jun 2016 - 08:47 am

Chinese vice premier Wang Yang (2nd R), US Treasury Secretary Jacob Lew (2nd L) and China's State Councillor Yang Jiech (R) look as...

Oil prices dip as dollar rebounds 07 Jun 2016 - 07:55 am

Singapore: Oil prices edged down slightly Tuesday but held around 11-month highs thanks to a weaker dollar and forecasts for another drop in...

New Nissan GT-R NISMO takes GT-R to next level 07 Jun 2016 - 12:41 am

T T Nürburgring, Germany: The new 2017 Nissan GT-R NISMO made its debut today at the famous Nürburgring race course, known as the...

Qatar Petroleum hosts farewell reception 07 Jun 2016 - 12:40 am

Saad Sherida Al Kaabi (centre), President & CEO of QP, at the farewell reception. DOHA: Qatar Petroleum (QP) hosted a farewell reception recently...

Joyalukkas opens showroom in Dammam 07 Jun 2016 - 12:37 am

Joyalukkas officials and guests at the opening of the second Showroom in Dammam, Saudi Arabia. Dammam: The globally renowned jewellery retail chain expanded...

Businesses need to gear up for introduction of VAT: Expert 07 Jun 2016 - 12:35 am

Craig Richardson DOHA: As the Gulf Cooperation Council (GCC) countries come closer to implementing value added tax (VAT), it is important that the...

Ooredoo hosts Smart Office Suite event 07 Jun 2016 - 12:33 am

Participants at the Ooredoo Smart Office Suite event held at the Sheraton Hotel. DOHA: Ooredoo hosted an educational event for Qatar’s SoHo (Small-Office...

Al Balagh and India’s L&T to build Al Rayyan stadium 07 Jun 2016 - 12:31 am

The Peninsula DOHA: The Supreme Committee for Delivery & Legacy (SC) announced yesterday that Qatari contractor, Al Balagh Trading & Contracting, and India’s...

Qatar Airways and Sri Lankan Airlines in deal 07 Jun 2016 - 12:23 am

DOHA: Qatar Airways and SriLankan Airlines, both members of the ‘Oneworld’ alliance, have strengthened their cooperation with a bilateral code-share relationship. Both airlines...

Justices reject Ecuador's appeal of $96M award to Chevron 06 Jun 2016 - 04:48 pm

WASHINGTON (AP) — The Supreme Court has turned away an appeal from the government of Ecuador contesting a $96 million arbitration award to...

India's L&T wins $135 mln Qatar World Cup stadium contract: official 06 Jun 2016 - 11:17 am

A computer generated image of the Al Rayyan Stadium, one of the venue for the FIFA 2022 World Cup. DOHA: Larsen & Toubro...

Lew raps China on excess steel production 06 Jun 2016 - 08:15 am

File photo of US Treasury Secretary Jack Lew at a press conference. Reuters Beijing: US Treasury Secretary Jack Lew called on China Monday...

Oil prices boosted by dollar slump 06 Jun 2016 - 07:56 am

A sample of crude oil. REUTERS/Miraflores Palace/Handout (VENEZUELA). Singapore: Oil prices pushed higher Monday thanks to a softer dollar after last week's well-below-forecast...